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119th Congress · S. 4588 · Introduced

Taxing Buybacks from Big Oil Windfalls Act

Latest action May 20, 2026: Read twice and referred to the Committee on Finance.

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XML scalars

congress
119
type
S
number
4588
originChamber
Senate
originChamberCode
S
introducedDate
2026-05-20
updateDate
2026-06-23T16:21:02Z
updateDateIncludingText
2026-06-23T16:21:02Z
title
Taxing Buybacks from Big Oil Windfalls Act
legislationUrl
https://www.congress.gov/bill/119th-congress/senate-bill/4588

Constitutional authority statement (CDATA)

null

Pipeline

Track
federal_presidential
Stage
Introduced
Stage rank
3

Sponsor

  • Sen. Wyden, Ron [D-OR] · [D-OR] · W000779
    Dem-OR current · 14 terms · @RonWyden · 6 district offices

Sponsor record (congress_legislators)

Bio (legislators)

bioguide
W000779
status
current
official_full
Ron Wyden
first
Ron
middle
null
last
Wyden
suffix
null
nickname
null
birthday
1949-05-03
gender
M

Current term (14 total)

type
sen
state
OR
district
null
class
3
party
Democrat
caucus
null
start
2023-01-03
end
2029-01-03
end_type
null
how
null
url
https://www.wyden.senate.gov
address
221 Dirksen Senate Office Building Washington DC 20510
office
221 Dirksen Senate Office Building
phone
202-224-5244
fax
null
contact_form
https://www.wyden.senate.gov/contact/
rss_url
http://www.wyden.senate.gov/rss/feeds/?type=all&

Leadership roles (0)

none

Committee memberships (14)

  • Joint Committee on Taxation (joint) · joint · rank 1 · site
  • Energy (senate) · senate · rank 2
  • Energy, Natural Resources, and Infrastructure (senate) · senate · Ex Officio · rank 6
  • Fiscal Responsibility and Economic Growth (senate) · senate · Ex Officio · rank 2
  • Health Care (senate) · senate · Ex Officio · rank 11
  • International Trade, Customs, and Global Competitiveness (senate) · senate · Ex Officio · rank 8
  • Public Lands, Forests, and Mining (senate) · senate · rank 2
  • Senate Committee on Energy and Natural Resources (senate) · senate · rank 2 · site
  • Senate Committee on Finance (senate) · senate · Ranking Member · rank 1 · site
  • Senate Committee on the Budget (senate) · senate · rank 3 · site
  • Senate Select Committee on Intelligence (senate) · senate · rank 2 · site
  • Social Security, Pensions, and Family Policy (senate) · senate · Ex Officio · rank 3
  • Taxation and IRS Oversight (senate) · senate · Ex Officio · rank 9
  • Water and Power (senate) · senate · Ranking Member · rank 1

Social media

District offices (6)

  • 131 NW. Hawthorne Ave., Suite 107, The Jamison Building, Bend, OR, 97701 · 541-330-9142 · 44.0577537,-121.3095974
  • 405 E. 8th Ave., Suite 2020, Eugene, OR, 97401 · 541-431-0229 · 44.0516985,-123.0857882
  • 105 Fir St., Suite 201, SAC Annex Building, La Grande, OR, 97850 · 541-962-7691 · 45.326715,-118.0926554
  • 310 W. 6th St., Room 118, Federal Courthouse, Medford, OR, 97501 · 541-858-5122 · 42.3253466,-122.8769125
  • 911 NE 11th Ave., Suite 630, Portland, OR, 97232 · 503-326-7525 · 45.5293348,-122.6555902
  • 707 13th St., Suite 285, Salem, OR, 97301 · 503-589-4555 · 44.9304332,-123.0290951

Other names (0)

none

Sponsor FEC record (fec_live)

Candidate record (candidates) · cycle 2026

candidate_id
S6OR00110
cycle
2026
name
WYDEN, RONALD L.
party
DEMOCRATIC PARTY
office
Senate
state
OR
district
00
incumbent_challenge
Incumbent
candidate_status
C
active_through
2028
election_year
null
first_file_date
1995-09-19
last_file_date
2022-12-12
last_f2_date
2022-12-12
address
null

Candidate summary (candidate_summaries) · cycle 2022

cycle
2022
total_receipts
$14,051,350.91
total_disbursements
$14,103,717.00
cash_on_hand_end_period
$3,345,924.99
debts_owed_by_committee
$0.00
coverage_start_date
2017-01-01
coverage_end_date
2022-12-31

Connected committees (0)

none

Cosponsors (16)

  • Sen. Schumer, Charles E. [D-NY] · [D-NY] · S000148 · Co-sponsored 2026-05-20 · original
    Dem-NY current · 14 terms · @SenSchumer · 8 district offices
  • Sen. Bennet, Michael F. [D-CO] · [D-CO] · B001267 · Co-sponsored 2026-05-20 · original
    Dem-CO current · 4 terms · @SenatorBennet · 7 district offices
  • Sen. Whitehouse, Sheldon [D-RI] · [D-RI] · W000802 · Co-sponsored 2026-05-20 · original
    Dem-RI current · 4 terms · @SenWhitehouse · 1 district office
  • Sen. Welch, Peter [D-VT] · [D-VT] · W000800 · Co-sponsored 2026-05-20 · original
    Dem-VT current · 9 terms · @PeterWelch · 1 district office
  • Sen. Kim, Andy [D-NJ] · [D-NJ] · K000394 · Co-sponsored 2026-05-20 · original
    Dem-NJ current · 5 terms · 2 district offices
  • Sen. Blumenthal, Richard [D-CT] · [D-CT] · B001277 · Co-sponsored 2026-05-20 · original
    Dem-CT current · 3 terms · @SenBlumenthal · 2 district offices
  • Sen. Van Hollen, Chris [D-MD] · [D-MD] · V000128 · Co-sponsored 2026-05-20 · original
    Dem-MD current · 9 terms · @ChrisVanHollen · 6 district offices
  • Sen. Reed, Jack [D-RI] · [D-RI] · R000122 · Co-sponsored 2026-05-20 · original
    Dem-RI current · 8 terms · @SenJackReed · 2 district offices
  • Sen. Booker, Cory A. [D-NJ] · [D-NJ] · B001288 · Co-sponsored 2026-05-20 · original
    Dem-NJ current · 3 terms · @SenBooker · 2 district offices
  • Sen. Hirono, Mazie K. [D-HI] · [D-HI] · H001042 · Co-sponsored 2026-05-20 · original
    Dem-HI current · 6 terms · @MazieHirono · 1 district office
  • Sen. Markey, Edward J. [D-MA] · [D-MA] · M000133 · Co-sponsored 2026-05-20 · original
    Dem-MA current · 23 terms · @SenMarkey · 2 district offices
  • Sen. Merkley, Jeff [D-OR] · [D-OR] · M001176 · Co-sponsored 2026-05-20 · original
    Dem-OR current · 3 terms · @SenJeffMerkley · 6 district offices
  • Sen. Schatz, Brian [D-HI] · [D-HI] · S001194 · Co-sponsored 2026-05-20 · original
    Dem-HI current · 4 terms · @SenBrianSchatz · 1 district office
  • Sen. Smith, Tina [D-MN] · [D-MN] · S001203 · Co-sponsored 2026-05-20 · original
    Dem-MN current · 3 terms · @SenTinaSmith · 4 district offices
  • Sen. Klobuchar, Amy [D-MN] · [D-MN] · K000367 · Co-sponsored 2026-06-01
    Dem-MN current · 4 terms · @SenAmyKlobuchar · 4 district offices
  • Sen. Blunt Rochester, Lisa [D-DE] · [D-DE] · B001303 · Co-sponsored 2026-06-15
    Dem-DE current · 5 terms · @SenLBR · 2 district offices

Committees (1)

  • Finance Committee [Senate Standing]
    2026-05-20T18:01:06ZReferred To

Actions — from XML (2)

  • 2026-05-20IntroReferralvia Senate
    Read twice and referred to the Committee on Finance.
  • 2026-05-20IntroReferral10000via Library of Congress
    Introduced in Senate

Actions — from bill_actions table (0)

none

Titles

  • Display Title2026-06-16T15:01:23Z
    Taxing Buybacks from Big Oil Windfalls Act
  • Short Title(s) as IntroducedIS2026-05-29T07:08:31Z
    Taxing Buybacks from Big Oil Windfalls Act
  • Official Title as IntroducedIS2026-05-29T07:03:37Z
    A bill to amend the Internal Revenue Code of 1986 to increase the excise tax for the repurchase of corporate stock by large oil and gas companies.

Text versions (from XML)

Versions — from bill_versions table (0)

none

Policy area

Taxation

Summaries

none

Related bills

none

Amendments (0)

none

Laws

none

Committee reports

none

Calendar number

null

CBO cost estimates

none

Latest action

Date
2026-05-20
Text
Read twice and referred to the Committee on Finance.
Time
null

Dublin Core

format
text/xml
language
EN
rights
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
contributor
Congressional Research Service, Library of Congress
description
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.

Row fields (debug)

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16172
congress
119
bill_type
s
bill_number
4588
bill_slug
s-4588-119
title
Taxing Buybacks from Big Oil Windfalls Act
short_title
Taxing Buybacks from Big Oil Windfalls Act
sponsor_bioguide_id
W000779
sponsor_name
Sen. Wyden, Ron [D-OR]
sponsor_party
D
sponsor_state
OR
introduced_date
2026-05-20
latest_action_date
2026-05-20
latest_action_text
Read twice and referred to the Committee on Finance.
status
Committee
policy_area
Taxation
subjects_json
[]
govinfo_billstatus_path
BILLSTATUS-119s4588
raw_billstatus_xml
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summary_lede
null
topic_primary
finance
topic_secondary_json
[]
action_family
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response_available
0
response_type
null
response_deadline
null
importance_score
null
consequence_score
null
urgency_score
null
overall_score
null
in_canopy
1
canopy_expires_at
2026-08-18
pipeline_track
federal_presidential
pipeline_stage
introduced
pipeline_stage_rank
3
stable_action_id
s-4588-119
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federal
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first_seen_at
2026-05-22T11:30:00.295119+00:00
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⎔ Anchored0x0000…0000Epoch 2026-Q4